Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
On the downside, 21,300 on Nifty is acting as an immediate support level, while 21,000 will be a crucial support level at any pullback.
MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.
The markets will continue to track the direction of the global markets, the dollar index, US bond yields, and crude oil prices, while on the domestic front, Q2 earnings will be key.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Jay Thakkar, CMT at Sharekhan is of the view that above Rs 36.50, Ramky Infra may test Rs 43.
According to Rajesh Agarwal of Eastern Financiers, one may sell Financial Technologies with a stop loss of Rs 173 and buy Tata Power Company with a target is Rs 84.
Saurabh Mittal of Swadeshi Credits advises selling Financial Technologies with a target price of Rs 155 and buying Shipping Corporation of India with a target price of Rs 36.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Ramky Infrastructure is looking undervalued, says Ashish Chugh, Investment Analyst & Author of Hidden Gems. Till last few years this company was mainly Andhra centric but in the last few years the company has got projects from virtually every state in the country. They are currently doing projects in about 22 states and also in West Africa.
Ramky Infrastructure can move to Rs 300 in next 6 months, says SP Tulsian, sptulsian.com.
Expect 25% returns in Ramky Infrastructure in next four-six months time, says SP Tulsian of sptulsian.com.